Taxes less subsidies on products (current US$) in Cayman Islands
Cayman Islands: Taxes less subsidies on products (current US$) was 416.41 million current US$ in 2024. ▲ Rising
Taxes less subsidies on products in Cayman Islands, 2006–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
In 2024, taxes less subsidies on products in Cayman Islands stood at 416.41 million current US$. That is the highest value across all 19 years on record.
Compared with earlier readings it is up 1.4% on the previous year and up 68.1% over ten years.
Over the whole period, taxes less subsidies on products in Cayman Islands peaked at 416.41 million current US$ in 2024 and was at its lowest, 208.34 million current US$, in 2010.
That places Cayman Islands 151st out of 199 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 19 years of available data.
Taxes less subsidies on products (current US$) in Cayman Islands, year by year
| Year | current US$ | Change |
|---|---|---|
| 2006 | 268.36 million current US$ | — |
| 2007 | 253.11 million current US$ | -5.7% |
| 2008 | 258.88 million current US$ | +2.3% |
| 2009 | 209.03 million current US$ | -19.3% |
| 2010 | 208.34 million current US$ | -0.3% |
| 2011 | 232.09 million current US$ | +11.4% |
| 2012 | 241.21 million current US$ | +3.9% |
| 2013 | 243.95 million current US$ | +1.1% |
| 2014 | 247.78 million current US$ | +1.6% |
| 2015 | 243.78 million current US$ | -1.6% |
| 2016 | 267.77 million current US$ | +9.8% |
| 2017 | 272.97 million current US$ | +1.9% |
| 2018 | 335.12 million current US$ | +22.8% |
| 2019 | 339.33 million current US$ | +1.3% |
| 2020 | 262.45 million current US$ | -22.7% |
| 2021 | 359.70 million current US$ | +37.1% |
| 2022 | 382.12 million current US$ | +6.2% |
| 2023 | 410.65 million current US$ | +7.5% |
| 2024 | 416.41 million current US$ | +1.4% |
Cayman Islands compared with similar countries
- Cayman Islands's 416.41 million current US$ is below the median for high income countries, which is 9.71 billion current US$, 4% of the median. (74 countries reporting)
- Cayman Islands's 416.41 million current US$ is below the median for Latin America & Caribbean, which is 1.67 billion current US$, 25% of the median. (38 countries reporting)
Biggest year-on-year movements
Years where Taxes less subsidies on products (current US$) in Cayman Islands changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2021 | +37.1% | 262.45 million current US$ | 359.70 million current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 247.35 million current US$ | 209.03 million current US$ | 268.36 million current US$ | 4 |
| 2010s | 263.23 million current US$ | 208.34 million current US$ | 339.33 million current US$ | 10 |
| 2020s | 366.27 million current US$ | 262.45 million current US$ | 416.41 million current US$ | 5 |
Countries ranked near Cayman Islands
More economy & growth data for Cayman Islands
- Foreign direct investment, net inflows (BoP, current US$), annual -73.72 % change on previous year (2024)
- Foreign direct investment, net outflows (BoP, current US$), gaps -1.74 billion BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.2243 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 3.18 billion BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita -23,390 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows 40.9% (2024)
- Inflation, consumer prices -0.6% (2016)
- Total reserves minus gold 270.42 million current US$ (2025)
- Total reserves 270.42 million includes gold, current US$ (2025)
- Inflation, GDP deflator 2.4% (2024)
Frequently asked questions
- What is taxes less subsidies on products in Cayman Islands?
- Taxes less subsidies on products in Cayman Islands was 416.41 million current US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest taxes less subsidies on products recorded in Cayman Islands?
- The highest recorded value was 416.41 million current US$ in 2024.
- What is the lowest taxes less subsidies on products recorded in Cayman Islands?
- The lowest recorded value was 208.34 million current US$ in 2010.
- How does Cayman Islands rank for taxes less subsidies on products?
- Cayman Islands ranks 151st out of 199 countries with data for 2024.
- Is taxes less subsidies on products rising or falling in Cayman Islands?
- Over the last ten years it is up 68.1%. The long-run trend across the full record is rising.
- Where does this Cayman Islands data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Taxes less subsidies on products (current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Taxes less subsidies on products are taxes payable per unit of a good or service. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.